New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-13

new crop will bc the market ana VII
In London money continues abundant at q per cont he
tween bankers and at cent OF bankers
bills.
At the Exchange 1t another dull but not en-
tirely ~ unntcresting week or the duness the active
more effort to force depression with results which were
small at their best and INSIGNIFICANT The announcement
tended 70 issue $40 900 o. stock for purchase Of
an existing limo with valuable terminal property In chi
as nrscass sensation and cable dispatches to Europe
were brought into use TO excite alarm there. Incre
In the fact that the ST. Paul Company was
extending its lines the sensation in the fact that
1t proposed to do so by the issue of stock instead
p pany V0''f furnishes no legitimate reason for
depression OF Its securities II the COMPANY mad
adopted plan earlier its stocks would be selling gner
than they do The merit OF the policy is not detraced
from by the ateness OF the repentance Howeyer .no
"bears" sold the common stock In London and New
York down from 92's to 009 and then. after waiting
for other Sellers who did not appear. repurchasea
employed to sell stock at the opening in our market
don selling. And the evidence Is convincing thas
the London market each morning was opened weak 10y
orders from NewYork Every day London made paLna
London cabled: 1--WE are depressed by bad news from
in the tactics employed. hut probably there was more
energy put into this last effort for Oppression thh
had been In the IN rs p pcs Is
in transactions amounting only 10 ll33oSo shares or
the week ana IN the Small hsnw The talk Of
tight money having failed OF other results man n" r.
tho song Is: AS the MARKET won ~ up ~
must decline OF ts own weight"
Bnt the marFet is not Weighted. All the activity OF
pressing values Every possible point .. against
present and prospective values , has been e em
o ass'r" o Print @ Tho aTss Capitalists who
sometimes lead in the stock market have been ENGAGED
ing frution and 1t is thor absence much rs any
thing else that has encouraged the lesser lights III hcr
has had has come from the confidence in values enter
tained by real holders Of securities and the quiet nbso
- Il and hand Inv mo- 70
spite tEis constant and FOSTERING opposition. and WIN
only this slender suppor the market has advanced ana
moi have done so il securities were dropping into the
street" All the signs OF the time are as ENCOURAGING as
,aSe Of EVER railway '' earn"ss shows that May
1o2 roads returned gross earnings OF sIG l32S- .;
s3 537 sol and that 1ol roads for the five months he
tween January and May 81 returned $50 SSn
Of 56G613 The carly returns Tor the hrs week OF
June which ncnde sixteen companies scattered a oyer
fro,sinv demand for iron which never was expected
tl Alter Inlv l. There has been no difference In tile
iron trade II IL mid season and some Inferior MAKERS
have put their small stocks on 'ne market u. so",o
OF the year. Bat that has been sufficient to to
are full of orders aud make their deliveries fast
enough meet the wants OF their contractors Jester
because our whcat Is wanted abroad. Possibly under
these conditions values may he marked soncthins lover
nj the stock Exchange holders OF good securities will
not he likely contribute 10 the depression owners or
Northwestern are not holding It NJ l23 because pays
diyeds OF per cent but because IL Is earning over IL
per cent which later must como To the mold
err. nor are OF Lake shore holding II AT " Tor
per cent dividend Zoe these six months bnt because
when IL demonstrates that II II earning 1ds per cent
and ia free from all it, old hey
"Ip ct win soon be the case-hey will 10 glad TO pur-
chase moro -, ,-,--. -.
subionsd is usual table giving the highest lowest
and nna prices aui number OF shares sold for he wees.
together with tho final prices OF week ago. %! sixty
three active representative stocks, preaNed by the
prices Of June II, 1856